v3.26.1
Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost, Gross Unrealized Gains and Losses and Fair Values of Available for Sale and Held to Maturity Securities
The amortized cost, gross unrealized gains and losses and fair value of available for sale and held to maturity securities at March 31, 2026 were as follows:
March 31, 2026
Amortized CostGross UnrealizedFair Value
GainsLosses
(In thousands)
Available for sale securities:
U.S. Government and agency obligations
Less than one year$40,047 $18 $(386)$39,679 
Due from one through five years92,809 6 (949)91,866 
Due from five through ten years16,061 — (805)15,256 
Due after ten years1,732 — (113)1,619 
Total U.S. Government and agency obligations150,649 24 (2,253)148,420 
Corporate bonds
Due from one through five years1,000 — (8)992 
Due from five through ten years7,000 — (478)6,522 
Total corporate bonds8,000 — (486)7,514 
Total available for sale securities$158,649 $24 $(2,739)$155,934 
Held to maturity securities:
State agency and municipal obligations
Due from five through ten years7,114 62 (242)6,934 
Due after ten years22,272 1,208 (191)23,289 
Total held to maturity securities $29,386 $1,270 $(433)$30,223 
    
The amortized cost, gross unrealized gains and losses and fair value of available for sale and held to maturity securities at December 31, 2025 were as follows:
December 31, 2025
Amortized CostGross UnrealizedFair Value
GainsLosses
(In thousands)
Available for sale securities:
U.S. Government and agency obligations
Less than one year$35,088 $43 $(421)$34,710 
Due from one through five years97,864 127 (698)97,293 
Due from five through ten years17,024 — (756)16,268 
Due after ten years1,754 — (101)1,653 
Total U.S. Government and agency obligations151,730 170 (1,976)149,924 
Corporate bonds
Due from one through five years4,000 2 (22)3,980 
Due from five through ten years7,000 — (495)6,505 
Due after ten years— — — — 
Total corporate bonds11,000 2 (517)10,485 
Total available for sale securities$162,730 $172 $(2,493)$160,409 
Held to maturity securities:
State agency and municipal obligations
Less than one year$— $— $— $— 
Due from one through five years2,764 130 — 2,894 
Due after ten years26,701 1,650 (200)28,151 
Total held to maturity securities$29,465 $1,780 $(200)$31,045 
Schedule of Fair Value and Related Unrealized Losses of Temporarily Impaired Investment Securities, Aggregated by Investment Category
The following tables provide information regarding available for sale securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2026 and December 31, 2025:

Length of Time in Continuous Unrealized Loss Position
Less Than 12 Months12 Months or MoreTotal
Fair ValueUnrealized
Loss		Percent
Decline from
Amortized Cost		Fair ValueUnrealized
Loss		Percent
Decline from
Amortized Cost		Fair ValueUnrealized
Loss		Percent
Decline from
Amortized Cost
(Dollars in thousands)
March 31, 2026
U.S. Government and agency obligations$75,077 $(698)0.92 %$53,314 $(1,556)2.84 %$128,391 $(2,254)3.76 %
Corporate bonds— — — 7,515 (485)6.07 7,515 (485)6.07 
Total Available for sale investment securities$75,077 $(698)0.92 %$60,829 $(2,041)3.25 %$135,906 $(2,739)1.98 %


Length of Time in Continuous Unrealized Loss Position
Less Than 12 Months12 Months or MoreTotal
Fair ValueUnrealized
Loss		Percent
Decline from
Amortized Cost		Fair ValueUnrealized
Loss		Percent
Decline from
Amortized Cost		Fair ValueUnrealized
Loss		Percent
Decline from
Amortized Cost
(Dollars in thousands)
December 31, 2025
U.S. Government and agency obligations$50,496 $(346)0.68 %$54,320 $(1,630)2.91 %$104,816 $(1,976)1.85 %
Corporate bonds— — — 7,483 (517)6.47 7,483 (517)6.47 
Total Available for sale investment securities$50,496 $(346)0.68 %$61,803 $(2,147)3.36 %$112,299 $(2,493)2.17 %